State Schools Are Not Always Cheaper

State Schools are Not Always Cheaper

Most people understand the conventional wisdom that state schools are often more affordable than attending private universities. Indeed, state schools are usually subsidized by the government, and tuition costs are typically lower at numerous state schools than many private colleges. However, state schools are not always cheaper, and students wishing to save money on tuition costs should not disregard private universities, since these colleges can actually help students lower their educational expenses. One reason why… Continue Reading State Schools Are Not Always Cheaper

A Student Loan Bailout Is Very Unlikely

student loan bailout

There has been much discussion recently about the possibility of a student loan bailout. Of course, the government has previously bailed out a number of individuals and companies who were facing hardships. And some have compared the student debt situation to the mortgage crisis that occurred over a decade ago. The student loan problem in this country is definitely growing, and it impacts economic activity, since people with student loans have difficulties reaching financial milestones… Continue Reading A Student Loan Bailout Is Very Unlikely

Can You Be Too Old to Borrow Student Loans?

Too Old to Borrow Student Loans

Since founding Student Debt Diaries over a year and a half ago, I have received emails from numerous people across the country. Some of the individuals who email me are non-traditional students seeking advice about how they can pay for their educational costs. On a few occasions, individuals in their 50s and 60s have reached out to me and asked me if I thought they were too old to borrow student loans. Of course, individuals… Continue Reading Can You Be Too Old to Borrow Student Loans?

How Much Student Debt Is Too Much?

How Much Student Debt Is Too Much

Ever since I started Student Debt Diaries almost eighteen months ago, I have received hundreds of emails from individuals across the country. Many people want to know how they can earn extra money so that additional cash can be devoted to student loans. Other folks are interested in ways that they can cut expenses so that any savings can be used to pay down student debt. Numerous individuals have also asked me how much student… Continue Reading How Much Student Debt Is Too Much?

Living with Student Loans During Residency

Living with Student Loans During Residency

For most people who want to achieve their higher education goals, student loans are a necessary evil. This is especially true for those who choose to attend any form of graduate school, where scholarship opportunities and financial aid are typically harder to find. During my four years of college and my four additional years of medical school, I certainly accrued a vast amount of student debt. I will admit that during those eight total years… Continue Reading Living with Student Loans During Residency

Advice for Parents of Student Loan Borrowers: An Introduction

Advice for Parents of Student Loan Borrowers

This website has previously provided advice on a number of subjects related to student loans. Indeed, prior articles have discussed repayment strategies, ways to save money, refinancing tips, and a number of other topics related to student debt. All of these prior articles have been directed to student debt borrowers. However, this website has not yet included advice for parents of student loan borrowers, even though parents are typically interested in issues related to student… Continue Reading Advice for Parents of Student Loan Borrowers: An Introduction

Types of People Who Might Not Benefit from Refinancing Their Student Loans

Refinancing Their Student Loans

This website has already discussed how refinancing your student loans has a number of benefits. Indeed, refinancing your student loans can lower the amount of interest you pay over the life of the debt, and could possibly decrease the amount you need to pay each month towards your student loans. For these reasons, many people would benefit from refinancing their student loans, and this website has already discussed the types of individuals who would realize… Continue Reading Types of People Who Might Not Benefit from Refinancing Their Student Loans

Types of People Who Should Consider Refinancing Their Student Loans

Refinancing Student Debt

As I have previously mentioned on this website, refinancing your student loans can be a great way to take control of your student debt situation. Indeed, refinancing student debt can lower your monthly payments, and decrease the amount of interest you need to pay over the life of your loans. And there are certain types of people who would benefit the most from refinancing their student loans Of course, student loan refinancing is a major… Continue Reading Types of People Who Should Consider Refinancing Their Student Loans

How to Decide If You Should Go Back to School or Avoid Student Debt

Go Back to School

I am sure that many of you who have already earned your degrees have considered going back to school at one point or another. Indeed, numerous people contemplate obtaining another degree in order to make a career move, earn more money, or for a number of other reasons. I also thought about going back to school more than once during my student debt repayment journey. However, there are a few things you should keep in… Continue Reading How to Decide If You Should Go Back to School or Avoid Student Debt

How to Choose a Law School That Will Minimize Your Student Debt

Law School Debt

As previously mentioned in several prior articles on this website, where you choose to attend college and graduate school can have a substantial impact on your student debt story.  And if you are considering law school, your choice about where to earn a law degree and whether to attend law school at all will massively affect how much student debt you need to borrow.  The law school admissions process is very complicated, mainly due to… Continue Reading How to Choose a Law School That Will Minimize Your Student Debt